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Short term investment

We are going to sell our property and build a new one. We will have about £150-£170k which we need to put somewhere with easy access for about 6months. We thought £50k each in Premium bonds but don't know where to put the balance. Any ideas welcome.
It's not the growing old I mind but the growing stupid withit

Comments

  • enthusiasticsaver
    enthusiasticsaver Posts: 16,278 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Current accounts will pay the best interest but you will need to open a few between you.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
    Save £12k in 2026 Challenge £12000/£6000
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    Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
  • Eco_Miser
    Eco_Miser Posts: 5,062 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 20 January 2016 at 7:17AM
    To expand on that, a couple can get about £130k in these accounts, earning 3%-5% AER, or you could put it in an NS&I account for safety, likely to pay more than Premium Bonds.

    https://forums.moneysavingexpert.com/discussion/5374614
    Eco Miser
    Saving money for well over half a century
  • Thank you both will have to think about it . We already have Santander 123 with 20K in it and TSB with 2K so NS&I loks best bet as juggling DD's and Moving money each month doesn't appeal. Thanks again for your suggestions
    It's not the growing old I mind but the growing stupid withit
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